Peet (ASX:PPC) confirmed there were no further updates in relation to its strategic review and that it is focused on executing its previously communicated strategy after a report in the Australian Financial Review on Sunday that Goldman Sachs' real estate bankers started courting potential buyers for the firm, according to a Monday Australian bourse filing.

It said it undertook the strategic review to consider whether it is best placed from "an operational, structural, and financial perspective to ensure it maximizes shareholder returns over the medium and longer term," per the filing.

The firm's shares rose 1% in recent trading on Monday.